Category: Startups
US court filing alleges $533 million was roundtripped for personal use, Byju’s denies
UK-based OCI Limited, the company that received most of the $533 million loaned to Byju’s Alpha, a US-based special purpose vehicle (SPV) set up by…
Groww cofounder Lalit Keshre enters billionaires’ club as stock crosses Rs 1 lakh crore market cap
Billionbrains Garage Ventures, the parent of wealthtech platform Groww, saw its market cap cross Rs 1 lakh crore during the fourth session of trading since…
Quick service app Pronto moves headquarters to Bengaluru
Quick service app Pronto has moved its headquarters to Bengaluru from Gurugram to tap the city’s tech and engineering talent pool, founder and chief executive…
Ecommerce majors tweak listings for better AI chatbot visibility
Amazon India and Flipkart are optimising their product listings for some categories to ensure better visibility on large language model (LLM) chatbots, people aware of…
Dunzo’s Kabeer Biswas eyeing funds for AI concierge startup
Dunzo cofounder Kabeer Biswas, who recently left Flipkart, is in discussions to raise about $12 million for his new venture, a personal AI concierge service,…
Pine Labs IPO: In fintech, tomorrow will always be better than today, says CEO Amrish Rau at listing ceremony
Amrish Rau, CEO of Pine Labs, said fintech remains a fast-growing “sunrise industry” with strong long-term potential. Speaking during the company’s listing ceremony, he described…
Global payment majors PayPal and Mastercard gain big post Pine Labs IPO
Pine Labs’ private market journey had two very large payment companies grabbing a slice of its capitalisation table: American digital payments major PayPal and global…
Jewellery brand Palmonas in talks to raise Rs 200-250 crore from Xponentia: Sources
Shraddha Kapoor’s jewellery brand Palmonas is in discussions to raise Rs 200-250 crore from mid-market private equity firm Xponentia Capital, two people aware of the…
OpenAI backs startup aiming to block AI-enabled bio weapons
ChatGPT maker OpenAI on Thursday said it will invest in a startup focused on blocking bad actors from creating biological weapons powered by artificial intelligence….
Paris-based Mirova invests $30 million in Varaha’s regenerative agriculture project
Mirova, an affiliate of French asset manager Natixis Investment Managers that specialises in climate and sustainability investments, has invested $30 million in climate-tech startup Varaha…